25,194 Shares in GitLab Inc. $GTLB Acquired by Caprock Group LLC

Caprock Group LLC acquired a new stake in shares of GitLab Inc. (NASDAQ:GTLB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,194 shares of the company’s stock, valued at approximately $1,210,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GTLB. Eminence Capital LP boosted its stake in GitLab by 148.9% in the 2nd quarter. Eminence Capital LP now owns 6,218,607 shares of the company’s stock worth $280,521,000 after purchasing an additional 3,720,406 shares in the last quarter. Atreides Management LP lifted its stake in shares of GitLab by 867.3% in the second quarter. Atreides Management LP now owns 3,938,198 shares of the company’s stock worth $177,652,000 after buying an additional 3,531,070 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in shares of GitLab by 251.3% in the second quarter. Champlain Investment Partners LLC now owns 4,512,197 shares of the company’s stock worth $203,545,000 after buying an additional 3,227,717 shares in the last quarter. Norges Bank purchased a new stake in shares of GitLab during the second quarter valued at approximately $93,489,000. Finally, HMI Capital Management L.P. increased its position in shares of GitLab by 32.3% during the second quarter. HMI Capital Management L.P. now owns 5,858,626 shares of the company’s stock valued at $264,283,000 after acquiring an additional 1,430,151 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Cantor Fitzgerald cut GitLab from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $60.00 to $40.00 in a research report on Wednesday, January 7th. BTIG Research initiated coverage on GitLab in a research report on Tuesday, December 16th. They set a “buy” rating and a $52.00 price objective on the stock. DA Davidson reiterated a “neutral” rating and issued a $45.00 price objective on shares of GitLab in a report on Monday, December 1st. Wolfe Research reissued an “outperform” rating and issued a $50.00 target price on shares of GitLab in a research report on Wednesday, December 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of GitLab in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, GitLab presently has a consensus rating of “Hold” and a consensus price target of $50.17.

Insider Activity at GitLab

In other news, CFO James Shen sold 2,538 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $38.08, for a total transaction of $96,647.04. Following the transaction, the chief financial officer owned 52,284 shares of the company’s stock, valued at approximately $1,990,974.72. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 334,827 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $38.08, for a total value of $12,750,212.16. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 766,644 shares of company stock valued at $30,370,356 over the last quarter. 16.37% of the stock is currently owned by insiders.

GitLab Stock Performance

Shares of NASDAQ:GTLB opened at $29.55 on Friday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of -109.44 and a beta of 0.75. The firm has a fifty day moving average price of $35.96 and a 200 day moving average price of $42.10. GitLab Inc. has a fifty-two week low of $28.54 and a fifty-two week high of $72.17.

GitLab (NASDAQ:GTLB) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. GitLab had a negative net margin of 4.70% and a negative return on equity of 1.51%. The business had revenue of $244.35 million for the quarter, compared to analysts’ expectations of $239.31 million. During the same quarter in the previous year, the company earned $0.23 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. GitLab has set its FY 2026 guidance at 0.950-0.960 EPS and its Q4 2026 guidance at 0.220-0.230 EPS. As a group, research analysts predict that GitLab Inc. will post -0.31 earnings per share for the current year.

GitLab Company Profile

GitLab Inc (NASDAQ: GTLB) is a leading provider of a unified DevOps platform designed to streamline the software development lifecycle. Founded in 2011 by Dmitriy Zaporozhets and Sid Sijbrandij, the company initially gained recognition for its open-source Git repository manager. Over time, GitLab expanded its offerings to encompass planning, source code management, continuous integration/continuous deployment (CI/CD), security testing, and monitoring in a single application. This integrated approach enables development teams to collaborate efficiently, reduce toolchain complexity, and accelerate release cycles.

The GitLab platform is offered through both cloud-hosted and self-managed deployment models, catering to organizations of all sizes.